Jack Henry & Associates (NASDAQ:JKHY) Posts Quarterly Earnings Results, Beats Estimates By $0.28 EPS

Jack Henry & Associates (NASDAQ:JKHY) posted its quarterly earnings data on Tuesday. The technology company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.28, Zacks reports. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. The company had revenue of $615.93 million during the quarter, compared to analyst estimates of $619.67 million. During the same quarter last year, the firm posted $1.52 EPS. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. Jack Henry & Associates updated its FY 2026 guidance to 6.780-6.870 EPS.

Jack Henry & Associates Stock Down 2.1%

Shares of NASDAQ JKHY traded down $3.18 during mid-day trading on Tuesday, reaching $149.34. The company had a trading volume of 1,092,244 shares, compared to its average volume of 855,088. The stock has a fifty day moving average of $158.97 and a two-hundred day moving average of $168.23. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market capitalization of $10.78 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 2.28 and a beta of 0.63. Jack Henry & Associates has a 12-month low of $144.12 and a 12-month high of $193.39.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Thursday, March 5th were paid a dividend of $0.61 per share. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, March 5th. Jack Henry & Associates’s payout ratio is currently 35.06%.

Institutional Trading of Jack Henry & Associates

A number of hedge funds have recently made changes to their positions in the stock. State Street Corp lifted its position in shares of Jack Henry & Associates by 2.4% in the third quarter. State Street Corp now owns 4,103,290 shares of the technology company’s stock worth $611,103,000 after purchasing an additional 97,140 shares in the last quarter. Invesco Ltd. lifted its position in shares of Jack Henry & Associates by 9.5% in the third quarter. Invesco Ltd. now owns 1,800,777 shares of the technology company’s stock worth $268,190,000 after purchasing an additional 155,616 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Jack Henry & Associates by 4.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,415,221 shares of the technology company’s stock worth $258,250,000 after purchasing an additional 66,633 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Jack Henry & Associates by 160.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,350,393 shares of the technology company’s stock worth $246,420,000 after purchasing an additional 831,372 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of Jack Henry & Associates by 4.0% in the fourth quarter. Mackenzie Financial Corp now owns 973,760 shares of the technology company’s stock worth $179,354,000 after purchasing an additional 37,814 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on JKHY shares. UBS Group raised their price objective on shares of Jack Henry & Associates from $175.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Robert W. Baird upgraded shares of Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price objective for the company in a research report on Thursday, February 5th. Wolfe Research set a $220.00 price objective on shares of Jack Henry & Associates and gave the company an “outperform” rating in a research report on Thursday, January 8th. Stephens raised shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a research note on Thursday, February 5th. Finally, Weiss Ratings lowered shares of Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Jack Henry & Associates has a consensus rating of “Moderate Buy” and a consensus price target of $198.77.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.